Connolly Gallagher Commercial Bankruptcy Partner Jeffrey Wisler presented at the American Bankruptcy Institute’s Rocky Mountain Bankruptcy Conference on best practices for Section 363 sales. Alongside co-presenters from Denver and Salt Lake City, Jeff discussed recent venue developments and cases, including In re LTL Management LLC, Case No. 21-30589 (Bankr. W.D.N.C.) and In re The Aliera Companies Inc., Case No. 21-11548 (Bankr. D. Del.). Jeff also discussed recent rule changes and proposed legislation that may impact jurisdictions that have proven to be popular choices for large, commercial chapter 11 cases. For example, the Southern District of New York and the Eastern District of Virginia recently implemented new rules to randomize judge assignments in Mega Chapter 11 Cases (S.D.N.Y.) and matters with assets or liabilities greater than $1,000,000 (E.D. Va.). Likewise, the proposed Bankruptcy Venue Reform Act of 2021, could have an even greater impact by substantively amending Sections 1408 and 1412 of Title 28 of the U.S. Code.
Connolly Gallagher’s Commercial Bankruptcy practice group represents local, regional, national and international clients in commercial reorganization and liquidation cases, in the Delaware Bankruptcy Court and in other bankruptcy courts throughout the country. The American Bankruptcy Institute (ABI) has nearly 11,000 members and is the largest multi-disciplinary, non-partisan organization dedicated to research and education on matters related to insolvency.
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